Lamb Weston Holdings,Inc. (NYSE:LW) Files An 8-K Other Events
Item 8.01 Other Events.
As previously disclosed, on November2, 2018, Lamb Weston Holdings,Inc. (“the Company,” “we,” or “our”) entered into a Membership Interest Purchase Agreement with Ochoa Ag Unlimited Foods,Inc. (“Ochoa”) to acquire Ochoa’s 50.01% interest in Lamb Weston BSW, LLC (“Lamb Weston BSW”), the Company’s potato processing venture with Ochoa. Prior to this date, we held a 49.99% interest in Lamb Weston BSW. On December18, 2018, we completed our acquisition of the remaining interest in Lamb Weston BSW.
About Lamb Weston Holdings,Inc. (NYSE:LW)
Lamb Weston Holdings, Inc. (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada. The Foodservice segment includes sales to a line of foodservice distribution customers in the United States and Canada. The Retail reporting segment includes sales to grocery, mass, club, and specialty retailers primarily in the United States. The Other segment includes the operations from Lamb Weston’s frozen vegetable business. It also includes the operations from Lamb Weston’s dairy business.